Series 22: 1.1.3.2.2.3. General Partners’ Compensation

Taken from our Series 22 Top-off Online Guide

1.1.3.2.2.3. General Partners’ Compensation

Compensation for general partners is made through the distributions of profits and losses according to their contributed share of the total contributions to the business. Contributions for general partners may be in the form of cash, property, or services. While all general partners have an equal responsibility for the business, a general partner who takes on the ongoing duties of a general mana

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